Ideas and Analysis of Bitcoin and Ethereum Operational Strategies on Friday Morning

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Recently, I’ve been busy assisting clients, so I haven’t shared analyses with all of you. I also want to remind you: when the market starts moving, don’t wait for signals from Lao Wang. Usually, Lao Wang is busy assisting clients, so if you have any issues, please communicate directly with Lao Wang—don’t wait for an article. For this new market move, let’s reanalyze. The bullish analysis in the previous article has played out—congratulations to those who followed and have made profits. For the next trend, here’s the quick conclusion for the impatient: the bullish trend will continue, bearish intent is not strong enough yet, and those still holding long positions, whether in futures or spot, can keep holding. We remain optimistic that prices will rise in the future.
From a technical perspective, on the daily chart, the 7-day MA has crossed above the 30-day MA again, indicating that the short-term upward trend remains strong. Combined with Bollinger Bands, the price is currently moving between the middle and lower bands, but starting from 8:00 AM, the upper and lower bands have started to converge, showing signs of narrowing. When the Bollinger Bands narrow after a long decline, it indicates that bullish and bearish forces are starting to balance out, and prices are likely to move sideways for a while, so investors should wait and see. This means there may be a sideways consolidation phase soon, and there likely won’t be a deep correction. Therefore, continuing the buy/long strategy is still very appropriate.
Bitcoin: 92000-91800 Long, watch for target 93500
Ethereum: 3100-3080 Long, watch for target 3230